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Tookitaki, AI Compliance Solution Drives Expansion Across Key Asian Markets with Funding from True Global Ventures

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Strategic funding to accelerate Tookitaki’s growth and drive innovation in financial crime prevention across Asia.

SINGAPORE, Oct. 21, 2024 /PRNewswire/ — True Global Ventures (TGV) Opportunity Fund, a global venture capital firm specializing in transformative technologies, has made a strategic investment in Tookitaki, a leader in anti-financial crime software. This capital will fuel Tookitaki’s rapid expansion and continued innovation across Asia, as financial institutions face mounting regulatory pressures to combat increasingly sophisticated financial crimes.

The capital injection, which comes as Tookitaki reaches its 10-year anniversary, will support Tookitaki’s mission to deliver cutting-edge anti-financial crime solutions to financial institutions in these regions, where compliance with anti-money laundering (AML) and fraud prevention regulations is becoming increasingly critical. Tookitaki has monitored over 10 billion transactions across 100 million consumers amongst its clients. The capital will be key to expanding Tookitaki’s footprint in key Asian markets, supporting its mission to deliver cutting-edge financial crime solutions to banks and fintech companies in the region.

Beatrice Lion, General Partner of True Global Ventures, stated:
“Our investment in Tookitaki reflects our confidence in their groundbreaking technology and unique ability to tackle financial crime across Asia’s key markets. As regulatory standards tighten and financial crime evolves, Tookitaki’s platforms provide scalable, AI-driven solutions for AML and fraud prevention that will help institutions stay ahead of these challenges. We are excited to support their journey of growth.”

Abhishek Chatterjee, Founder and CEO of Tookitaki, commented:
“We are thrilled to welcome True Global Ventures as we continue our growth trajectory. This partnership comes at a pivotal time for Tookitaki, allowing us to expand our reach in key Asian markets and further enhance our FinCense and AFC Ecosystem platforms. TGV’s deep expertise in scaling technology businesses globally will be invaluable as we continue to empower financial institutions with the tools they need to effectively combat financial crime. We’re excited for the next phase of this journey.”

Tookitaki: Revolutionizing Financial Crime Detection and Prevention in Asia

FinCense platform offers a robust, AI-driven solution for AML and fraud prevention, enabling financial institutions to identify and address financial crime with greater accuracy and efficiency. The AFC Ecosystem, brings together industry experts and institutions to continuously update and refine crime detection models, offering real-time unparalleled collective intelligence.

Both platforms employ Tookitaki’s federated learning approach, allowing institutions to leverage insights from diverse datasets without compromising data privacy, a critical factor in today’s heavily regulated financial landscape. This ensures financial institutions can meet compliance standards while benefiting from cutting-edge crime detection technology that adapts to new threats.

https://www.tookitaki.com/ 

About True Global Ventures:

True Global Ventures is a global venture capital firm with a focus on technology-driven businesses, particularly in AI, blockchain, and other disruptive industries. The TGV Opportunity Fund invests in late-stage technology companies with the potential to drive transformative change. With a strong track record of supporting AI-driven ventures, TGV helps businesses deliver meaningful impact across industries.

www.tgv4plus.com

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View original content:https://www.prnewswire.co.uk/news-releases/tookitaki-ai-compliance-solution-drives-expansion-across-key-asian-markets-with-funding-from-true-global-ventures-302280604.html

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NX China Presents Endowed Lecture at Beijing Wuzi University

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TOKYO, Oct. 21, 2024 /PRNewswire/ — Nippon Express (China) Co., Ltd. (hereinafter “NX China”), a group company of NIPPON EXPRESS HOLDINGS, INC., presented its 14th endowed lecture at Beijing Wuzi University (hereinafter “BWU”) on Friday, September 6.

NX Logo: https://kyodonewsprwire.jp/img/202410037589-O2-E4FmHKT9 

Students listening to lecture by President Hisashi Shimoonoda:
https://cdn.kyodonewsprwire.jp/prwfile/release/M103866/202410037589/_prw_PI1fl_XKwIBtM9.jpg 

Founded in 1980, BWU is a university specializing in logistics and distribution, and about 8,000 students are enrolled in its 28 departments of nine undergraduate faculties. One of these faculties, the School of Logistics established in 2006, ranks among China’s best in the field, offering well-equipped educational facilities and a favorable research environment.

NX China signed a letter of intent on strategic cooperation with BWU in 2012, and has since continued industrial-academic collaboration efforts that include offering NX Scholarships, presenting endowed lectures and organizing tours of logistics sites.

In this endowed lecture, NX China President Hisashi Shimoonoda introduced the NX Group and described specific initiatives being undertaken by the Group in the course of discussing sustainability management.

Approximately 70 students attended this lecture, held in the first week of the new school year that started in September, and listened attentively while taking notes. The lecture was followed by a question-and-answer session during which many questions were posed and opinions exchanged about the NX Group’s environmental protection and energy conservation efforts.

The NX Group will continue actively engaging in social contribution activities in the East Asia region to help develop human resources who can play active roles in the logistics industry.

About the NX Group: https://kyodonewsprwire.jp/attach/202410037589-O1-GG4j30z9.pdf 

NX Group official website: https://www.nipponexpress.com/ 

NX Group’s official LinkedIn account: https://www.linkedin.com/company/nippon-express-group/ 

View original content:https://www.prnewswire.com/apac/news-releases/nx-china-presents-endowed-lecture-at-beijing-wuzi-university-302281272.html

SOURCE NIPPON EXPRESS HOLDINGS, INC.

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McDermott Recognized for Leadership in Garnet Recycling by GMA Middle East

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HOUSTON, Oct. 21, 2024 /PRNewswire/ — McDermott has been awarded Platinum status in the Used Garnet Return Rewards Program by GMA Middle East, marking a decade-long successful partnership between the two companies. As the first recipient of this award in the region, McDermott is being recognized for its commitment to sustainability and environmental responsibility through the return of garnet used in its fabrication paint blasting operations.

This initiative, which aligns with McDermott’s efforts to divert solid waste from landfills, has allowed GMA to process approximately 32,000 tons of used garnet from McDermott alone.

“This recognition underscores McDermott’s commitment to achieving our sustainability targets and creating long-term value for our stakeholders while integrating circularity into our operations,” said Sadaf Hameed, McDermott’s Manager, Sustainability. “Recycling garnet is a powerful example of how we can extend the life of materials, reduce waste, and lessen our environmental impact. We view initiatives like this as essential in transitioning to more sustainable engineering, procurement, construction, and installation practices.”

“McDermott’s leadership in garnet recycling sets a benchmark for environmental stewardship in the industry,” said Grant Cox, GMA CEO. “Their return of used garnet over the past decade has contributed significantly to reducing landfill waste, and we are proud to recognize their role in advancing sustainability in the region. We look forward to continuing our partnership and exploring new ways to innovate together.”

About McDermott
McDermott is a premier, fully-integrated provider of engineering and construction solutions to the energy industry. Our customers trust our technology-driven approach engineered to responsibly harness and transform global energy resources into the products the world needs. From concept to commissioning, McDermott’s innovative expertise and capabilities advance the next generation of global energy infrastructure—empowering a brighter, more sustainable future for us all. Operating in over 54 countries, McDermott’s locally-focused and globally-integrated resources include more than 30,000 employees, a diversified fleet of specialty marine construction vessels and fabrication facilities around the world. To learn more, visit www.mcdermott.com.

For media inquiries, please use the contact information below:

Global Media Relations
Reba Reid
Senior Director, Global Communications and Marketing
+1 281 588 5636                                                               
RReid@McDermott.com

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SOURCE McDermott International, Ltd

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BWHSM Hotels partners with Mews as it grows its global footprint

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The renowned hotel chain boosts innovation and efficiency with Mews

AMSTERDAM, Oct. 21, 2024 /PRNewswire/ — Mews, the industry-leading hospitality cloud, has entered into an agreement with BWH Hotels (BWH) to be a certified PMS provider. With Mews, BWH Hotels gains access to one of the most innovative hospitality technologies that boosts operational efficiencies and guest satisfaction.

“The collaboration with Mews aligns with BWH’s dedication to delivering exceptional guest experiences. Mews’ cloud-native platform offers flexibility and scalability, enabling European BWH properties to seamlessly integrate Mews with their existing systems and adhering to our commitment to technological advancement and operational excellence,” said Ron Pohl, President of WorldHotels and International Operations at BWH Hotels. “We look forward to working with Mews to help increase hotel operational efficiencies and guest satisfaction.”

Mews offers robust features that streamline property management from guest check-in to backend operations. BWH properties can seamlessly integrate with existing systems while staying ahead of industry trends. This efficiency improves guest experiences and resource management, aligning with BWH’s goal of providing exceptional value to their hoteliers and guests.

BWH agreed to work with Mews due to the company’s excellent customer support and a proven track record of successful integration. Mews will also play an important role in prioritizing guest loyalty alongside guest experience features like online check-in and a virtual concierge. These additional customized experiences are expected to further enhance brand loyalty.

“Mews is thrilled to team up with BWH Hotels,” said Matt Welle, CEO at Mews. “We have worked closely with the team at BWH Hotels to ensure a seamless transition and the collaborative spirit of our teams has set a strong foundation for a successful partnership. We are excited to push the boundaries of innovation and operational excellence together to deliver truly remarkable experiences for all BWH guests.”

The comprehensive planning and coordination between both teams have ensured a seamless transition in numerous BWH properties, including the Best Western® Princess Hotel, the Best Western® Hôtel Lakmi Nice, and the Best Western® Plus Hôtel Isidore. Working with Mews, BWH Hotels is poised to further elevate their operational capabilities and continue their legacy of hospitality excellence.

About Mews
Mews is the leading platform for the new era of hospitality. Powering over 5,500 customers across more than 85 countries, Mews Hospitality Cloud is designed to streamline operations for modern hoteliers, transform the guest experience and create more profitable businesses. Customers include Generator-Freehand, Strawberry, The Social Hub and Airelles Collection. Mews was named Best PMS (2024) and listed among the Best Places to Work in Hotel Tech (2021, 2022, 2024) by Hotel Tech Report, as well as World’s Best Hotel PMS Provider (2023) and World’s Best Independent Hotel PMS Provider (2022, 2023) by World Travel Tech Awards. Mews has raised $335 million from investors including Goldman Sachs Alternatives, Kinnevik and Revaia to transform hospitality.

About BWHSM Hotels
BWH Hotels is a leading global hospitality enterprise comprised of three hotel companies: WorldHotelsTM, Best Western® Hotels & Resorts, and SureStay® Hotels. The enterprise boasts approximately 4,300 hotels in over 100 countries and territories worldwide*. With 19 brands across every chain scale segment, from economy to luxury, BWH Hotels suits the needs of developers and guests in every market. To learn more visit: bestwestern.com.  

*Numbers are approximate, may fluctuate, and include hotels currently in the development pipeline.  

MEWS MEDIA CONTACT:
Katie Halfhead
press@mews.com

BWH HOTELS MEDIA CONTACT:
mediarequest@bwh.com 

Logo – https://mma.prnewswire.com/media/2053034/MEWS_logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/bwhsm-hotels-partners-with-mews-as-it-grows-its-global-footprint-302281342.html

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